Binance Market Analysis: $TURBO /USDC – Price Surge and Trading Targets
The $TURBO /USDC trading pair has seen a remarkable surge in price over the past 24 hours, increasing by 19.14%. Currently trading at $0.01073257, TURBO/USDC is experiencing strong momentum, largely driven by its presence in the meme coin sector. This analysis will break down the price action, key technical indicators, and potential price targets for TURBO/USDC on Binance.
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Current Price: $0.01073257
24h Change: +19.14%
24h High: $0.011640
24h Low: $0.008982
24h Volume (TURBO): 207.50M
24h Volume (USDC): 2.18M
Key Highlights:
/USDC has gained 19.14% over the past 24 hours, showing significant upward movement.
The pair has hit a 24h high of $0.011640, suggesting strong demand from buyers.
With 207.50M TURBO traded in the last 24 hours, the volume indicates active market participation, especially from meme coin enthusiasts.
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Technical Analysis
Moving Averages:
MA(7): $0.010704
MA(25): $0.010818
MA(99): $0.011088
The TURBO
/USDC pair is currently trading above all the key moving averages, signaling a bullish trend. The 7-day moving average of $0.010704 indicates short-term support, while the 25-day moving average at $0.010818 provides an additional layer of support. The 99-day moving average at $0.011088 suggests that $0.0111 is a critical resistance point.
Support and Resistance Levels:
Support Levels:
$0.0106: The immediate support level based on recent price consolidation.
$0.0100: A significant psychological level that could act as the next major support if the price experiences a pullback.
Resistance Levels:
$0.0111: The 99-day moving average and key resistance level. If TURBO breaks this point, it could set the stage for further upward movement.
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Price Targets
Bullish Scenario:
Target 1: If TURBO/USDC breaks above $0.0111, the next resistance target is $0.0116.